Lincoln JV Buys Houston Mall, Plans $150M Industrial Makeover
Rendering by Powers Brown Architecture
The former shopping center was once the largest in the market.
Lincoln Property Co. and New York Life Investment Management have acquired Greenspoint Mall, a former retail asset in Houston. Triyar Cannon Group sold the property, according to Yardi Matrix. The new owners plan to redevelop the property into CityNorth Industrial Park, a $150 million, 1.2 million-square-foot industrial campus.
The development team includes Powers Brown Architecture, Kimley-Horn and E.E. Reed Construction. Northmarq advised Lincoln on the joint venture with New York Life, while Moody Rambin brokered the deal, supported by an in-house Lincoln team. Another Lincoln crew handles leasing.
Demolition will begin next month, with the first phase of the industrial development expected to come online in the first quarter of 2028. The mall was once the largest in Houston; however, it shuttered its stores in 2024...
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